World Business Report Iran's store owners take to the streets in anger
Dec 30, 2025
Iranian shopkeepers are protesting as the rial collapses, highlighting the economic crisis and demands for reform. Denmark is marking the end of an era with its postal service ceasing letter delivery after four centuries, shifting focus to digital communication. Warren Buffett's retirement prompts a reflection on his investment philosophy and lasting impact. Meanwhile, AI is changing the legal landscape, bringing new tools and challenges, as lawyers debate the balance between efficiency and accuracy in their practices.
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Rapid Rial Collapse Hits Livelihoods
- Iran's rial has plunged dramatically, eroding savings and buying power for many shopkeepers.
- Inflation above 40% and links to international markets amplify hardship for businesses and consumers.
Journalist Describes Personal Economic Impact
- Ahrash Azizi explains the rial lost half its value in a year and a third compared to 18 months prior.
- He describes people losing savings and businesses tied directly to foreign currency facing severe strain.
Parliament Calls For Economic Dialogue
- Iran's parliament speaker acknowledged the protests and called for dialogue and economic reforms.
- Officials emphasized increasing purchasing power and reforming decision-making as priorities.